Although there are no significant fundamental news releases expected to impact gold, any geopolitical developments could create volatility in the market.
XAU/USD short-term forecast
Volatility in both the bond and stock markets, combined with ongoing geopolitical tensions, may continue to drive gold prices higher in the near term. Investors typically view gold as a safe-haven asset during times of uncertainty and market instability. When equities fluctuate sharply or bond yields become unpredictable, capital often flows into gold as a means of preserving value and reducing portfolio risk.
XAU/USD daily charts review
Bullishness may push gold closer to 3700.00 if tensions in global markets persist. If bearishness occurs, significant price moves toward 3000.00 may be considered highly plausible.Daily Candle Chart
Traders going short
On Monday, 49.74 % of volume was in long positions. Traders are going short.
Meanwhile, in the 1000 point range around the latest price, the pending orders were 22% to sell the metal.